anonymous

3 years ago

Miss Muffet always likes to have things "just so". In fact, the only way she will consume her curds and whey is 2 Units of Curds with 1 Unit of Whey.
I know the Utility function is U=min(2W, C)
Miss Muffet has $12. P for curds is $1, and P for Whey is $2.
What is the utility maximizing bundle?? and how!?